How thorough is your knowledge of the 2019 Suspicious Activity Report (SAR)? The federal government will require use of a new SAR form beginning January 1, 2019. Do you know the difference between the existing and 2019 forms and filing requirements? When is a SAR appropriate? What qualifies as suspicious activity?

The 2019 SAR is receiving an extreme makeover, including updated data fields, new fields to record up to 99 cyber events, new text fields, and new product types. There will also be new subtype selections for the most-commonly reported suspicious activities, including structuring and fraud, so even “old” filings are getting a makeover. In addition, batch filers will need to work with their software providers to prepare for filing format changes. This must-attend session will detail how to complete the new and updated data fields, the necessary policy and procedure changes to incorporate the new form and filing process, and tips on writing narratives. This jam-packed session will ensure you are prepared to determine when a SAR is appropriate and how to complete the updated form line-by-line.

HIGHLIGHTS

Potential policy and procedure changes that may change how some SARs are completed

Shortcomings noted in SARs – dos and don’ts

Other SAR-related issues

TAKE-AWAY TOOLKIT

Manual addressing general SAR requirements

New SAR form

Instructions for completing the new SAR

Employee training log

Quiz you can administer to measure staff learning and a separate answer key

WHO SHOULD ATTEND?

This informative session is designed for all individuals involved in the SAR process, including BSA officers, other BSA staff, management, auditors, and others with SAR responsibilities.

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.